Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.
<h3 /><h3>What is Accounting?</h3>
Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.
T Accounts should be made as follows.
Assets
DR $1500 Computers
DR $650 Furniture
DR $334 Van Payment
Expenses
DR $420 Office Supplies
DR $250 Electric Company
DR $100 Water
DR $250 Office Supplies
Petty Expenses
DR $150 Steak House
DR $100 Fuel Stop
The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.
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The correct answer is:
C. Income.
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Answer:
See explanation below
Explanation:
Correlation Coefficient - The degree of the relationship between two variables.
Correlation - The tendency of two variables to move together.
Capital Asset Pricing Model - This represent the return that reflects risk remaining after diversification.
Market Portfolio - A portfolio consisting of all stocks.
Expected Return on a Portfolio - This represents the weighted average of the expected returns on individual components.
Market Risk Premium - The difference between the market rate of return and the risk free rate
Beta - The variable that shows the extent to which a stock’s return moves up or down with the market.
S&P 500 is empirically used to measure Beta
Answer:
Schedule:
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Journal entries:
equipment 113,515 debit
lease liablity 97,815 credit
cash 15,700 credit
--to record lease agrement and first payment.
interest expense 2,934 debit
lease liability 2,934 credit
--to record interest for the year 2021--
lease liablity 15,700 debit
cash 15,700 credit
--to record Jan 1st,2022 Payment--
Explanation:
As the payment are at the beginning there is no interest in the first period.
We record the expense for the year at Dec 31th Increasing the liability. When paying we increase decrease the liability and cash.
The definition of Balance of Payments states:
The difference between money coming into a country (from exports) and money leaving the country (for imports) plus money flows from other factors such as tourism, foreign aid, military expenditures, and foreign investment.
<h3>What is
Balance of Payments ?</h3>
The balance of payments is a tool in international trade that demonstrates the financial transaction made by a particular country with foreign countries. Its most often includes export, import and transfer payments.
Theoretically, it should be zero as a country's assets should equal the liabilities. However, in practice, that is not always the case, as the country's debits and credits can create a discrepancy in the balance of payments, which creates a surplus or deficit.
A favorable balance of payment means that a country exports exceed imports. B.O.P records economic transactions of goods and services as well as other payments such as international aid, capital flow, and international remittances. A Favorable or positive balance of payment means that the aggregate of country foreign inflow exceeds outflows.
Thus, we can say that above definition state Balance of Payments.
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